Starknet strk
What is Starknet?
Starknet is a decentralized, permissionless Ethereum Layer 2 validity rollup. It uses STARK-based zero-knowledge proofs to execute transactions off-chain and submit proofs to Ethereum. STRK is the native token for fees, staking, and governance.
What problem does Starknet solve?
Ethereum's base layer has limited throughput and high costs. Starknet scales by moving execution off-chain and proving state transitions instead of re-executing every transaction.
How does Starknet work?
Users submit transactions from smart-contract accounts. The sequencer orders transactions into blocks. SHARP proves SNOS execution and submits succinct proofs to Ethereum. STRK pays fees (required since v0.14.0), supports staking, and provides governance voting.
Key facts
- Ticker: STRK
- Ethereum L2 validity rollup
- Cairo language
- Native account abstraction
- 10 billion STRK initially created
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Frequently asked questions
What is Starknet?
An Ethereum L2 validity rollup using STARK proofs.
What is STRK used for?
Fees, staking, and governance.
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